Wage Price Index q/q (AUD) comes in at 0.8% against 0.8% consensus
| Pair | Now | Since publish |
|---|---|---|
| AUDUSD | — | — |
The Australian Wage Price Index quarter over quarter was released at 0.8%. This figure matched the consensus estimate of 0.8%. The previous quarter’s reading was also 0.8%. This resulted in a 0.0% surprise versus consensus.
Following the release, the Australian dollar showed limited movement across major pairs in the initial 15 minutes. AUDCAD gained 0.8 pips, while AUDCHF declined 0.9 pips. AUDJPY saw a minor dip of 0.2 pips. AUDNZD moved down 6.1 pips, and AUDUSD rose 2.3 pips. EURAUD edged up 0.1 pips, and GBPAUD fell 2.5 pips. These initial movements are generally small when compared to the median 1-hour moves observed after past releases, which include 7 pips for AUDCAD, 5 pips for AUDCHF, 11 pips for AUDJPY, 7 pips for AUDNZD, 6 pips for AUDUSD, 14 pips for EURAUD, and 14 pips for GBPAUD.